Q:Why tech stocks are up today?

Members,

What is the reason behind todays upmove by tech stocks?

Thanks in advance,
Vijay

Because more people were buyng than they were selling

hey!!!! cool,

you're a genius, what.

whats the idea, mate?

because
1. see value of rupees vs $
2. Technicallly they have become oversold
3 There should be appropriate high price to short it again

Dead cat bounce, methinks.

you can say HEXAWARE scrip bounce as dead cat bounce not these TECH stocks

am i correct?

regards
suba

biggles,

In any day ( EoD Time frame ) ,can any of us definetly conclude why that stock or sector moved Up / Down ,in comparision to it's earlier day ,an opposite move ,other than the simple reason provided above.
If we can judge the exact movement of that stock or sector ;prior to 9.56 am we can definetly make money in intraday ,trading on that stock.
If only we can know beforehand whether it is going to be a White or Black candle that day then our prime objective would have been to Buy below Open OR Sell above Open at 9.58 & go away from the screen with no SL & return at 3.28,yarr then even my barber / aunt all would have been very rich by now becoz they would only increase the Time Frame to weekly & Monthly & take all type of Loan & Mortgage to invest.

Asish

Any news about TCS?
Its doing better than INFOSYS.

-Vijay